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Murray Compound Estate Loses $3M, But Keeps Ocean Access

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Situated about one development over from Olde Town sits this 5,000-square-foot stucco home in Southampton. The 1.95-acre property falls in the Murray Compound, a "private and secure community" with neighbors like Howard Stern and Heather Mnuchin. But other than these personalities, the development also offers residents private ocean access, which is kind of a big deal, especially when the home's recent PriceChop is taken into account. The estate was originally listed in November for $12.995 million, but has since settled on a seven-figure asking price of $9.8 million—a $3.195 million chop! C'mon, Howard Stern isn't that scary.

Enviable ocean access aside, the house also comes with a free-form pond (complete with island!), a dramatic, hedged-in pool, a decked out basement, and a vaulted entry with gold leaf detailing. And that's rounded off with five bedrooms and six full bathrooms—all of which have been enjoyed by the same owner since 1993, when the property was picked up for $900,000.
· Listing: Unique Opportunity in Ocean Access Compound [Saunders]
· 5 Bedroom House in Southampton Village [StreetEasy]